Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sus Bee Finance SA > News item |
Sus Bee to cut 3 5/8% notes due 2017 to €7.81 million via redemption
By Susanna Moon
Chicago, Dec. 12 – Sus Bee Finance SA issued another notice for its €50 million 3 5/8% notes due 2017 with the final redemption set for Dec. 17.
The redemption amount will be €7,008.23 per note using a pool factor of 7.00823111, according to a company notice.
Afterward, the aggregate principal amount of the notes will be reduced to €7,814,117.79 from €11,318,233.35.
As previously announced, the company issued a partial redemption notice for €50 million of the 3 5/8% notes on Dec. 17 with a redemption amount of €75,401.03 per note and a pool factor of 75.401034%.
Then the issuer issued a second partial redemption on March 14 for a redemption amount of €810.44 per note on March 19 using a pool factor of 0.81044085%. The second partial redemption lowered the aggregate principal amount of the notes to €11,894,262.57 from €12,299,483.
The third partial redemption had been set for June 18 with a redemption amount of €701.98 per note, and pool factor of 0.70198048%. The third partial redemption reduced the notes amount to €11,543,272.33 from €11,894,262.5.
On Sept. 12, Sus Bee issued a notice for the fourth partial redemption set for Sept. 17 with a redemption amount of €450.08 per note and the pool factor of 0.45007797%. Afterward, the aggregate principal amount of the notes was reduced to €11,318,233.35 from €11,543,272.33.
Sus Bee Finance is based in Luxembourg and is managed by Frankfurt School Financial Services GmbH in order to support microfinance activities in different countries.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.